Bloomberg Businessweek

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”  Hosted by Carol Massar and Tim Stenovec  Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.  You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.

Watch Bloomberg Businessweek LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting with the country’s leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals.“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump posted Friday on social media.The president added that one form of retaliation the US is considering “is a massive increase of Tariffs on Chinese products coming into the United States of America,” adding that “there are many other countermeasures that are, likewise, under serious consideration.”Markets recoiled at the president’s comments, which portended fresh trade tensions between the world’s two largest economies. The S&P 500 and the Nasdaq 100 both plummeted, with the latter seeing its biggest drop since April 30. Chicago soybean futures also fell, hitting session lows after the post.Today's show features: Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on President Donald Trump’s reversal on a planned meeting with China’s Xi Jinping Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the global currency market Dana Stroul, Senior Fellow and Director of Research at the Washington Institute for Near East Policy on the Israel-Hamas ceasefire deal and President Donald Trump’s planned visit to the Middle East next week Bloomberg Intelligence Global Equity Strategist Gillian Wolff on Friday's market selloff See omnystudio.com/listener for privacy information.

The Digital Wellness Lab at Boston Children’s Hospital conducts rigorous, multi-method research to understand how interactive media impacts the mental, social, and emotional health of children and teens. When it comes to the tech and media industry, the Lab aims to embed what it's learning into the decisions leaders are making every day about product, policy, and user supports to ensure young people’s social, emotional, and mental wellbeing and overall health are at the forefront.  Dr. Keneisha Sinclair-McBride, Associate Chief of Integrated Behavioral Health at Boston Children's Hospital and Assistant Professor of Psychology at Harvard Medical School, discusses the impact of social media on adolescent minds with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Jared Isaacman and President Donald Trump have met in recent weeks and discussed reviving the fintech billionaire’s nomination to lead NASA, according to a person familiar with the matter.A decision to reconsider the Elon Musk ally would mark a major reversal for Trump after the White House revoked the job offer in May citing Isaacman’s ties to Democratic politicians. That left NASA without a long-term leader as the space agency grapples with funding and job cuts and races to bring astronauts back to the moon.Trump has met with Isaacman, a SpaceX astronaut and executive chairman of Shift4 Payments Inc. in person more than once in recent weeks to discuss his vision for leading the space agency, the person said, speaking on condition of anonymity because the matter is confidential.The person cautioned that Trump hasn’t made a final decision and could go in a different direction. The role of NASA administrator also requires confirmation by the US Senate. Today's show features: Bloomberg Tech Co-Host Ed Ludlow on reports that Jared Isaacman and President Donald Trump have met to discuss reviving Isaacman's nomination to lead NASA Samira Bakhtiar, General Manager of Media & Entertainment, Games & Sports Industry at AWS, on the impact of AI in Entertainment Laura Martin, Senior Entertainment & Internet Analyst, Needham & Co., on the prospects for consolidation in the media and entertainment business Edward Hamati, Chief Investment Officer of The Steward Trust and President of Polarity, on investment trends in the media and entertainment business See omnystudio.com/listener for privacy information.

Rubrik CEO Bipul Sinha believes that artificial intelligence is creating "one hundred times more opportunities," but with "one hundred times more risk" for cybersecurity clients. He joined Scarlet Fu and Norah Mulinda on 'Bloomberg Businessweek Daily' to discuss balancing AI innovation with data privacy.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Several participants at the Federal Reserve’s September policy meeting said it was important to continue monitoring money-market conditions and evaluate how close bank reserves are to their “ample” level, as the central bank continues to unwind its massive portfolio of securities. The remarks come as prolonged funding pressures in US money markets, just as bank reserves held at the Fed are dwindling, are suggesting the central bank may be getting closer to ending its balance sheet runoff. A few participants noted that the Standing Repo Facility — the Fed’s liquidity backstop — would help keep the federal funds rate within its target range and ensure that temporary pressures in money markets wouldn’t disrupt the ongoing balance-sheet reduction, according to the minutes of the Sept. 16-17 gathering released Wednesday.  Today's show features: Kay Herr, JPMorgan Asset Management US CIO of Global Fixed Income, Currency, and Commodities Stephen Carroll, Host of Bloomberg Daybreak Europe, on Macron's next two days during which he needs to select a new prime minister Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research, on how AI became a trillion dollar market Herman Chan, Bloomberg Intelligence Senior Analyst for US Regional Banks on the bank merger outlook See omnystudio.com/listener for privacy information.

Zwift is a massively multiplayer online cycling and running physical training program that enables users to interact, train, and compete in a virtual world. Eric Min is co-founder and CEO of Zwift. He discusses using AI for the online cycling and running physical training program.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Dell Technologies Inc. roughly doubled its growth estimates for sales and profit for the next two years, and said demand for artificial intelligence products will extend those higher projections at least through the 2030 fiscal year.The company unveiled a “long-term financial framework” that calls for sales to rise at a rate of 7% to 9% annually for the next four years, while earnings per share, excluding some items, will increase 15% or more. The company in 2023 had estimated revenue growth of 3% to 4% and adjusted EPS of 8% or better. Dell is announcing the updated numbers, which apply through fiscal year 2030, at an investor event Tuesday in New York, Chief Operating Officer Jeff Clarke said in an interview ahead of the event.Today's show features: Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst Erin Harkless Moore, Vice President and Managing Director, Investments, Pivotal Ventures Eric Clark, Accuvest Global Advisors CIO Brandon Scott, the Mayor of Baltimore See omnystudio.com/listener for privacy information.

Paramount Skydance Corp. acquired the online news site the Free Press and named founder Bari Weiss editor-in-chief of CBS News, a move likely to stir controversy inside and outside of the venerable news organization.Weiss, 41, will report to Paramount Chief Executive Officer David Ellison and oversee the editorial direction of a news division whose programs include the prestigious 60 Minutes and CBS News Sunday Morning. Financial terms of the deal weren’t disclosed, but other outlets have reported the acquisition values the Free Press at about $150 million.“Bari is a proven champion of independent, principled journalism, and I am confident her entrepreneurial drive and editorial vision will invigorate CBS News,” Ellison said in a statement on Monday. “This move is part of Paramount’s bigger vision to modernize content and the way it connects – directly and passionately – to audiences around the world.”To discuss how Weiss' selection could change CBS News, hosts Carol Massar and Tim Stenovec speak with Katie Fallow, Deputy Litigation Director for the Knight First Amendment Institute at Columbia University See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Advanced Micro Devices Inc. landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry. AMD shares soared 24% to $203.71 after the agreement was announced Monday, adding $63.4 billion to the company’s market valuation. It’s now worth $330.6 billion, more than Coca-Cola Co., General Electric Co. or Chevron Corp.  OpenAI will deploy 6 gigawatts’ worth of AMD graphics processing units over multiple years, according to the pact, which is just over half the size of an agreement the AI startup recently reached with Nvidia. It also sets the stage for OpenAI to acquire a large stake in the chipmaker. The deal represents a high-stakes test for AMD — one that could deliver tens of billions of dollars in new revenue and burnish its status as a serious contender in AI technology. There are also risks: It further ties AMD’s prosperity to an AI market that some worry is in a bubble. Today’s show features:Bloomberg Tech Co-Host Ed LudlowBloomberg Intelligence Global Head of Technology Research Mandeep SinghRick Welts, CEO of the Dallas Mavericks, and Bloomberg News Texas bureau Chief Julie FineDrive to the Close with Lesley Marks, CIO for Equities, Mackenzie InvestmentsSee omnystudio.com/listener for privacy information.

A developer of residential towers in New York, Miami and Los Angeles has embarked on a new venture, with plans to spend more than $1 billion converting cruise ships into luxury condos on the seas.Earlier this year, Russell Galbut, managing principal of developer Crescent Heights, struck a $230 million deal with Norwegian Cruise Line Holdings Ltd. for a long-term lease on his first ship. Galbut said he intends to upgrade the vessel, known as the Seven Seas Navigator, and sell berths to customers who’d want to live on the ship for extended periods of time.Crescent Seas, the new entity created for the effort, will offer 210 units on the Navigator at prices ranging from $750,000 to $8 million. Galbut aims to have the ship ready for its initial voyage in late 2026, and details his unique business plan with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Damian Sanchez, (Damian J to music fans) is a Miami-based jazz musician. A car accident landed him in the hospital with multiple fractures to his leg. Once there, he faced the difficult decision of whether or not to take the pain medication that was offered to him. With patients like Damian in mind, Dr. Paul Negulescu and the research team at Vertex are thinking differently about pain – they’re investigating potential non-opioid based treatment options that aim to target pain differently.Produced by Bloomberg Media Studios and Vertex Pharmaceuticals. Featured guests:Damian Sanchez is a Miami based jazz musician. He is the founder of the Damian J Foundation.Norm Buckley is the Scientific Director of the Michael G. DeGroote Institute for Pain Research and Care at McMaster University. David Altshuler is the Executive Vice President, Global Research and Chief Scientific Officer at Vertex Pharmaceuticals.Paul Negulescu is a renowned cystic fibrosis researcher and now the Senior Vice President leading the team researching pain at Vertex Pharmaceuticals.Read more about Vertex's approach to targeting pain at VRTX.comSee omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Hamas agreed to release all Israeli hostages captured in its Oct. 7 attack but said the rest of President Donald Trump’s 20-point peace plan would be subject to negotiation.The statement was a positive step that still raised questions about whether the promise would be sufficient to end the fighting. It also didn’t address Trump’s demand that the group disarmIn a statement, Hamas said it agreed “to release all Israeli prisoners — both living and deceased — in accordance with the exchange formula outlined in President Trump’s proposal, and contingent upon the necessary field conditions for carrying out the exchange.”Hamas also said the hostages would need to be released “in a manner that ensures the cessation of the war and the full withdrawal from the Gaza Strip,” a caveat that raised questions in Israel about whether the group would go through with the plan. Hamas also said it was ready to transfer administration of the Gaza Strip to “a Palestinian body composed of independent technocrats.”The group also said other parts of Trump’s 20-point plan “require a unified national stance and must be addressed based on relevant international laws and resolutions.”Today's show features: Bloomberg Intelligence Senior Defense Analyst Wayne Sanders on Hamas agreeing to release remaining Israeli hostages Bloomberg TV & Radio International Economics & Policy Correspondent Mike McKee on his conversation with Federal Reserve Governor Stephen Miran Karin Kimbrough, Chief Economist at LinkedIn, on the health of the US labor market Dr. Iman Abuzeid, Co-Founder and CEO of Incredible Health, on building the largest career marketplace for permanent healthcare workers  See omnystudio.com/listener for privacy information.

Drawing from decades leading New York City’s health department after 9/11, directing the CDC during the Ebola epidemic, and fighting tuberculosis and other lethal threats in India and around the world, Thomas Friedman wants you to protect your own health, safeguard your community, or solve seemingly impossible health challenges.In his book, Thomas Frieden combines compelling stories with insider knowledge to show you how to win the battle for health. He also bridges the lethal gap between scientific knowledge and life-saving action. Dr. Frieden speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.After years getting shunned by major banks, Donald Trump’s money has found another place to call home: Citigroup Inc.The president’s son, Eric Trump, signed up as a client of the third-largest US lender and established a trust there that holds some of his father’s money, according to people with direct knowledge of the matter, who asked not to be named discussing the confidential arrangements.The relationship started after Chief Executive Officer Jane Fraser reached out to congratulate President Trump on his election win in November. The new trust is a sensitive topic inside the bank, which weighed how to limit access to information beyond key staff — such as wealth management chief Andy Sieg, who led talks with Eric Trump, and Kent Lucken, a Citigroup banker handling the relationship, some of the people said.The unwillingness of many banks to safeguard Donald Trump’s wealth has irritated the president, who publicly lashed out this year at JPMorgan Chase & Co. and Bank of America Corp., claiming they refused his money. Both firms have said they don’t deny business on ideological grounds.Traditional financial institutions “did everything they could to try and cancel us,” Eric Trump said in a Bloomberg Television interview last month. The president told CNBC he “ended up going to small banks all over the place.” A Citigroup spokesperson declined to comment. There was no response to a request for comment from the Trump Organization, the family’s real estate business where Eric Trump is a top executive.Today's show features: Bloomberg News Banking Reporter Todd Gillespie on Trump’s Wealth, Once Spurned by Banks, Gets New Home at Citi Scott Wisniewski, President of AST SpaceMobile, on the market for cellular broadband in space and competing with Starlink Bloomberg News Managing Editor, Media & Entertainment, Lucas Shaw on the Bloomberg Businessweek cover story profiling Mr. Beast Drive to the Close with Adrianne Yamaki, Founder and Managing Partner of Strategic Wealth Capital See omnystudio.com/listener for privacy information.

Katie Kirkpatrick, President and CEO, at the Metro Atlanta Chamber, discusses how Atlanta is balancing its explosive growth and global event visibility with forward-thinking economic and real estate developmentThe Metro Atlanta Chamber (MAC) is a 165-year-old organization representing businesses, colleges and universities, and nonprofits across the 29-county region that makes up the nation’s sixth-largest market. Member companies invest in MAC’s work to attract and retain business, ensure a business-friendly climate through public policy efforts and market the region as a great place to live, work and playSee omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown.Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting.White House Press Secretary Karoline Leavitt told reporters that layoffs would happen within “two days, imminent, very soon” but declined to give any details about what agencies or positions would be targeted.President Donald Trump and his team have moved quickly to capitalize on the shutdown to shrink the size of the federal government.The administration earlier Wednesday halted $18 billion in federal funding for infrastructure projects in New York City, including for the Second Avenue Subway project and Hudson Tunnel Project.Today's show features: Bloomberg Intelligence Senior Policy Analyst Nathan Dean on the US Government Shutting Down Her Excellency Noor bint Ali Alkhulaif, CEO of Bahrain Economic Development Board and Kingdom of Bahrain’s Minister of Sustainable Development Angie Franks, CEO of Kalderos, and Bloomberg News Health Reporter Damian Garde on the Trump administration securing drug pricing deals with pharmaceutical companies Drive to the Close with Alexis Browne Roberts, COO & Portfolio Manager at Alexis Investment Partners  See omnystudio.com/listener for privacy information.

April Rudin, CEO of the Rudin Group, and Nick Rice, Director at Brunswick Group, have co-authored a new book called Wealth Management with a Difference, which is set for global release in late October. The book delves into a generational change taking place in the global wealth management industry, offering actionable insights and strategies for financial professionals to seize emerging opportunities.As younger generations and women accumulate and inherit massive wealth and technological advancements reshape the industry, Wealth Management with a Difference gives firms and advisors information they need to adapt and thrive. It covers client relationships, business strategies, marketing, and technology, with expert commentary from over 80 leaders globally.April and Nick detail their findings with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump threatened mass firings of federal workers as the US hurtles toward a shutdown with Democrats and Republicans at an impasse over funding the government.“We may do a lot and that’s only because of the Democrats,” Trump said in response to a question about the number of government employees who could be dismissed during a shutdown. The White House last week directed agencies to draw up plans for widespread firings if the government closed down. So far, no agencies have explicitly called for terminations in their shutdown plans. With just hours to go until a midnight deadline, the deadlock over spending threatens to paralyze many US government operations for the first time in nearly seven years, causing the suspension of services for Americans and paychecks for federal workers. As many as 750,000 federal workers could be temporarily furloughed, even if Trump doesn’t proceed with permanent dismissals, the nonpartisan Congressional Budget Office estimated.Today's show features: Bloomberg Businessweek Senior Reporter Max Chafkin and Bloomberg Intelligence Senior Policy Analyst Nathan Dean on Wednesday's government shutdown deadline and Russell Vought’s influence on the negotiations Kevin Gordon, Senior Investment Strategist for Charles Schwab, on market concentration concerns Dr. Jenny Rooke, Founder and Managing Director of Genoa Ventures, on the funding environment for biotech Jan van Eck, CEO of VanEck, on the market for ETFs and mutual funds, and the boom in gold  See omnystudio.com/listener for privacy information.